GM Switches to Flat Fee on Dexos
General Motors has switched the licensing fee on its Dexos global engine oil specification from a royalty on every gallon of Dexos sold to a flat annual fee based on an oil company’s market share, a GM official confirmed to Lube Report.
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Rerefining Gets Another U.S. Player
Heritage-Crystal Clean on Monday outlined plans for a new
rerefinery in Indiana that would begin production in 2012 of about 2,000
barrels per day of API Group II base oil. The project has an estimated capital
cost of $40 million.
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API SN Heads for Vote (Again)
In response to fierce disapproval from the auto industry, the American Petroleum Institute has sharpened its pencil and redrawn the definitions for its proposed API SN and SN Resource Conserving passenger car engine oil categories. The toughened standard now faces a vote by the entire API Lubricants Committee.
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Shell, Hyundai Ally on Lubes
Shell Lubricants signed a regional lubricants distribution agreement with Mobis to supply Shell Helix oil products to Hyundai car dealers and consumers in the Middle East, Africa, Kazakhstan, Georgia and Azerbaijan.
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Lowly Label Bears a Heavy Load
When a consumer sees your motor oil package on the retail shelf, in less than 3 seconds he’ll decide to reach or pass. How does your label stand up to that moment of truth, a packaging expert asks.
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Chemical Prices Rise
Pilot will raise prices for surfactants used in metalworking fluids, Oxea plans to increase prices for solvents, and Albemarle has outlined a price hike for antioxidants used in lubricant applications.
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Briefly Noted
Monson Co. of Leominster,
Ma., will distribute Pawtucket, R.I.-based Teknor
Apex’s Tru Vis lubricant grade esters in the United States… Gulf Oil International has appointed Premium Oils and Lubricants LLC as Gulf
lubricant distributor in the Ukraine… On April 6 Angelo Fanelli becomes chief
operating officer, refining and marketing division, at Milan, Italy's Eni, replacing Angelo Caridi.
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U.S. Base Oil Price Report
The U.S. base oils market was fairly quiet during the past week, as most consumers continued to absorb the impact of posted price hikes initiated by paraffinic producers in March. Otherwise, steady circumstances characterize the market heading into April.
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Europe-MidEast-Africa Base Oil Price Report
There are sporadic price hikes across the EMEA region this week, and real limits on availability of almost all API Group I solvent neutrals, particularly heavier grades such as SN 500 and SN 600. Buyers are currently looking at early May barrels, since there are few suppliers with any material available for the next few weeks.
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SSY Base Oil Shipping Report
Adrian Brown is away this week.
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